XML 33 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenue:    
Services $ 267,014 $ 235,152
Operating Expenses:    
Cost of services sold 179,007 176,046
Office and general expenses 68,005 59,868
Depreciation and amortization 9,622 9,988
Costs and Expenses, Total 256,634 245,902
Operating profit (loss) 10,380 (10,750)
Other Income (Expense):    
Other, net 2,692 (1,023)
Interest expense and finance charges (12,428) (10,996)
Loss on redemption of notes (55,588) 0
Interest income 36 68
Nonoperating Income (Expense), Total (65,288) (11,951)
Loss from continuing operations before income taxes, equity in affiliates (54,908) (22,701)
Income tax expense (benefit) (14,250) 1,263
Loss from continuing operations before equity in affiliates (40,658) (23,964)
Equity in earnings of non-consolidated affiliates 41 272
Loss from continuing operations (40,617) (23,692)
Loss from discontinued operations attributable to MDC Partners Inc., net of taxes (1,557) (1,092)
Net loss (42,174) (24,784)
Net income attributable to the noncontrolling interests (984) (1,497)
Net loss attributable to MDC Partners Inc. (43,158) (26,281)
Loss Per Common Share:    
Loss from continuing operations attributable to MDC Partners Inc. common shareholders (in dollars per share) $ (1.33) $ (0.84)
Discontinued operations attributable to MDC Partners Inc. common shareholders (in dollars per share) $ (0.05) $ (0.04)
Loss attributable to MDC Partners Inc. common shareholders (in dollars per share) $ (1.38) $ (0.88)
Weighted Average Number of Common Shares Outstanding:    
Basic and Diluted (in shares) 31,233,893 29,889,932
Non cash stock based compensation expense is included in the following line items above:    
Cost of services sold 1,179 0
Office and general expenses 3,322 5,884
Total $ 4,501 $ 5,884